Future chat group

The most famous stock index futures in China should be the CSI 300 Index futures. There are four trading months, the current month, the next month and the next two quarter months.

In other words, it is August now, and the stock index market includes August futures index, September index futures, December index futures and March index futures. However, since the last trading day is the third Friday of this month, the current 8 There are no more monthly contracts, and only September, October, December and March futures are circulating in the market.

The minimum margin is now 15%. However, futures companies will have different requirements for different customers. Some may go as low as 20% or 30%. Leiting has its own futures company and its operating model is different.

If Lei Hao wants to buy futures, he may lose less than 15% of the margin, but he can still maintain the position. The reason is that the positions of other funds are replenished, such as borrowing positions from currency funds, paying interest, and temporarily replenishing his own margin positions. , which involves complex regulations.

This is the reason why there will be great turmoil after something happens to a self-operated project. If a financial institution is unwilling to stop losses, it will affect the entire institution.

But Thunder has not used any money at present. It can be said that it has sufficient funds, and it is far away from liquidation.

Today, the Shanghai Composite Index is hovering around 4,200 points, while the CSI 300 is slightly higher, and is hesitant at 4,300 points. The mainstream market analysis conclusion is that the market outlook is volatile and washes out, and it is hard to say whether it is going up or down. However, it is optimistic in the long term.

From the four words "long-term optimistic", we can conclude that bulls actually have certain fundamental advantages. Coupled with the natural disadvantages of shorts, investors in stock index futures actually prefer to enter the market at the right price and hold long contracts.

This is true for Thunder, and so is Taihe. The hint that Lei Hao got from the future information is that the market outlook is volatile in the short and medium term, neither high nor low, just dancing in this narrow area.

but……

Friday, the 25th, Yangcheng.

"Short-selling the October contract." Lei Hao calmly stated his decision: "Smooth entry, continue to build positions, and accumulate funds every day at this price! Lei Hao is bearish on the market outlook."

In the conference room, Yu Rong and others almost couldn't believe that such words came from Lei Hao's mouth. However, after thinking about it carefully, Lei Lei undoubtedly had this kind of strength.

The so-called mid-range shock occurs under the premise that large institutions have not exerted any force. If an institution like the Thunder coerces funds into the market and suppresses the index, it will be a matter of minutes. Everyone has the ability to suppress the index.

But, that is when there is no opponent.

It is true that Lei Hao has a high reputation. He said that the phenomenon of short selling and capital following will definitely occur. Even if institutions such as Hanlong and Qingyu do not fully follow, they will at least maintain a wait-and-see attitude.

Coupled with technical operations, if no opponent is present, Lei Hao can simply "reasonably" manipulate the stock market.

Now that Taihe is waiting for hedging, it is a bit risky to choose to go short. Are the Thunder sure?

Let's think about it for a moment, and our hearts will gradually become a little hot.

"We can suppress the index!" Xiang Yongze said leisurely, with a firm look in his eyes: "We can suppress Taihe!"

"That's right, even if we are short-selling, we can still defeat Taihe!" Zhao Lichen also has blind trust in Lei Hao, and even... worship.

So what if we go short? In the pond of China's financial market, the Thunder already has an opponent worthy of its strength.

Moreover, at this time, choose a more difficult way to win. When the results come out, if you win, it will definitely be a great victory. If you lose, the Thunder will lose money, but they will lose less reputation.

I can’t say whether it’s a good deal or not, but there is definitely a chance.

Now that there is a chance and Lei Hao has made a decision, the Thunder have nothing to hesitate.

However, everyone still doesn’t fully understand Lei Hao’s position building rhythm.

Why do we need to accumulate funds every day? Is this too unthrilling? Is it because you want to attract more hedging orders?

"IFXX10, 4300 points, short selling."

After the general direction is determined, what is left is to formulate a series of trading plans. These things are difficult to say, easy to say. It is actually very complicated. What should you do if your opponent pressures you to open a position? What should I do if there is insufficient energy? How to deal with book losses? Issues such as where to establish the position need to be discussed by Thunder people.

Calculating the CSI 300 stock index futures based on 4,300 points, the book value of each contract is 1.29 million, and 15% is 193,500. In other words, to buy a contract, the futures company of the Thunder Group must lock in at least 190,000 to the China Financial Futures Exchange. For large capital positions, losses must be compensated at 300 per point.

However, the volume of stock index futures is actually close to unlimited because there are many arbitrage orders.

The spot price of stock index futures is the stock. The CSI 300 is the comprehensive index of 300 stocks in the two cities. If you sell short at 4300, when the comprehensive value of the 300 underlying stocks exceeds this number, the arbitrage order will take over your order. Then go to the stock market and sell the corresponding stocks to obtain profits based on the water level.

Therefore, as long as you dare to give a price difference, the volume of stock index futures can be almost unlimited. The price difference is called the basis, and anything within 2% is considered normal.

Seeing that Xiang Yongze and the others had begun to discuss and formulate plans, and that Yu Rong was also looking through documents and preparing research and analysis reports, Lei Hao felt a little excited.

Others don't know, but Lei Hao knows that the funds he will face this time are a bit weird, so he will use methods to limit the entry rhythm and delay the decisive battle to attract funds. Anyway, if he doesn't move, his opponent should be We will hedge according to the established rhythm, and when the time is right, everyone will come out for a decisive battle.

"You guys discuss it first. I'll have a separate meeting with Lao Tao and Leo first." Lei Hao ordered, walked out of the conference room, and went to another smaller conference room. When the technical department staff debugged the equipment, After walking out, Tao Liyu and Leo appeared on the screen and began to speak.

"Lei, my flight is tomorrow, why don't you let me go to Yangcheng? There is nothing to do in Hong Kong Island." Leo said hurriedly, with a deliberately pretended grievance on his face.

"Mr. Lei, we have cut off the funds flowing back to the mainland, but..." Tao Liyu said with a look of doubt and expectation on his face: "What is the use of keeping so much funds?"

"On the mainland, Lei Hao can just use more customer funds. I think..." Lei Hao smiled and said: "Short Nikkei 225!"

Tao Liyu: "..."

Leo:"……"

Didn't we agree to talk about the mainland stock market? Boss, you are keeping more funds on Hong Kong Island. We are actually somewhat mentally prepared, but shorting the Nikkei 225 is a bit too much.

The Japanese stock market does not have much room to fall now. Some time ago, the U.S. dollar appreciated and the Japanese stock market rose slightly. Later, due to some problems between Japan and the United States, coupled with its own economic adjustment, the Nikkei 225 has a cumulative decline of 3%. Now it has begun to recover. sign.

Short? That's a bit much.

Well, the Thunder have more money, but isn’t the main battlefield the mainland? Why did you come out to snipe Nikkei 225? Even if everyone already has this strength, is it really good to do two things at once? This is no small matter.